French Hill Lays Out 'Make Community Banking Great Again' Plan

American Banker
Thursday, November 14, 2024

"Rep. French Hill, R-Ark., a leading contender to lead the Republicans on the House Financial Services Committee, has pitched a vision for community banking policy under a Republican-led administration...

...His principles include a further tailoring of regulations for community banks, measures to make it easier for those banks to attract capital and partner with financial technology companies, and changes to the ways in which regulators resolve failed banks.

'I just believe that we've lost our way in attracting new capital into the industry on a de novo basis, the formation of midsize companies through mergers and acquisitions, and in the resolution of a failing institution,' Hill said in an interview with American Banker."